{"id":478164,"date":"2022-07-25T17:44:30","date_gmt":"2022-07-25T14:44:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-drops-below-21-8k-realized-price-as-fomc-spooks-markets\/"},"modified":"2022-07-25T17:44:30","modified_gmt":"2022-07-25T14:44:30","slug":"bitcoin-drops-below-21-8k-realized-price-as-fomc-spooks-markets","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-drops-below-21-8k-realized-price-as-fomc-spooks-markets\/","title":{"rendered":"# Bitcoin drops below $21.8K realized price as FOMC spooks markets"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f9aef44ae1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f9aef44ae1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-drops-below-21-8k-realized-price-as-fomc-spooks-markets\/#%E2%80%9D_Bitcoin_drops_below_218K_realized_price_as_FOMC_spooks_markets_%E2%80%9C\" >&#8221; Bitcoin drops below $21.8K realized price as FOMC spooks markets &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-drops-below-21-8k-realized-price-as-fomc-spooks-markets\/#Bitcoin_gives_up_more_key_levels\" >Bitcoin gives up more key levels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-drops-below-21-8k-realized-price-as-fomc-spooks-markets\/#Small_fish_scoop_up_dumped_institutional_coins\" >Small fish scoop up dumped institutional coins<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_drops_below_218K_realized_price_as_FOMC_spooks_markets_%E2%80%9C\"><\/span>&#8221; Bitcoin drops below $21.8K realized price as FOMC spooks markets &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/64396e07-4549-47b3-aa40-671e526d06b1.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_gives_up_more_key_levels\"><\/span>Bitcoin gives up more key levels<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a> tracked BTC\/USD as it consolidated after falling from $23,000 overnight.<\/p>\n<p>The pair echoed equities in cool trading prior to the July 27 United States Federal Reserve decision on interest rates. Analysts were expecting several days of volatility, and despite buyer interest in Bitcoin being strong below spot price, everything could still change.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">No guarantee any support holds after Wednesday&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FED?src=hash&amp;ref_src=twsrc%5Etfw\">#FED<\/a> announcement, but for now <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FireCharts?src=hash&amp;ref_src=twsrc%5Etfw\">#FireCharts<\/a> shows a ladder of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> bids around these next technical support levels. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Ng2Rqc0Op7\">https:\/\/t.co\/Ng2Rqc0Op7<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/W6veJMS2YJ\">pic.twitter.com\/W6veJMS2YJ<\/a><\/p>\n<p>\u2014 Material Indicators (@MI_Algos) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1551563727383789568?ref_src=twsrc%5Etfw\">July 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cBig week ahead for the markets,\u201d Umar Ashraf, founder of trading tool TradeZella, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/UmarAshraf\/status\/1551526008511205376\">forecast<\/a>. <\/p>\n<blockquote><p>\u201cTons of big names reporting earnings alongside with the FOMC starting Tuesday followed by the announcement on Wednesday. Big week doesn\u2019t always mean market must see action, it could be a time period for the market to digest info for next move.\u201d<\/p><\/blockquote>\n<p>With traders primed for reactions, Bitcoin became unsettled by struggling to hold any of its 200-week moving averages (MA), 50-day MAs or realized prices, these lying at $22,700, $22,200 and $21,850, respectively.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/1e1ec0f1-91b9-4f2e-b5be-6a89f1049074.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-day candle chart (Bitstamp) with 50, 200-day moving average. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The last of these, the price at which the average Bitcoin last moved, had been reclaimed as support just a week prior. <\/p>\n<p>Comparing realized price behavior this year to previous bear market years, analyst Root warned that the next step could be another extended dive below the trendline. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Cycle comparison: either we find support here or we might get another arch below realized price like in 2014.<br \/>Macro might indicate the latter.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/onchain?src=hash&amp;ref_src=twsrc%5Etfw\">#onchain<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zfphUK2mzv\">pic.twitter.com\/zfphUK2mzv<\/a><\/p>\n<p>\u2014 Root  (@therationalroot) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/therationalroot\/status\/1551544147273814016?ref_src=twsrc%5Etfw\">July 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Adopting a more hopeful outlook, meanwhile, PlanB, creator of the stock-to-flow Bitcoin price models, noted that the speed with which Bitcoin bounced above its 200-week MA this month could belie underlying strength absent from similar bear phases.<\/p>\n<p>\u201cNormally it takes a lot longer after BTC goes below realized price, for BTC to jump back above 200-week moving average. But it already did,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1551179782955712512\">explained<\/a>. <\/p>\n<blockquote><p>\u201cAlso, 200-week moving average and realized price already touched (that normally also takes longer).\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/0624935d-6313-494f-8e66-e0f48ae09352.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin realized price chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Small_fish_scoop_up_dumped_institutional_coins\"><\/span>Small fish scoop up dumped institutional coins<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data, meanwhile, showed the extent of supply migration from larger to smaller investors in recent months.\u00a0<\/p>\n<p><strong><em>Related:\u00a0Will the Fed prevent BTC price from reaching $28K? \u2014 5 things to know in Bitcoin this week<\/em><\/strong><\/p>\n<p>In its latest research, crypto analytics firm Arcane Research <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/arcane.no\/research\/236-237-btc-sold-by-known-institutions-in-the-last-two-months\">calculated<\/a> the combined selling by institutional sources to be over 236,000 BTC since May 12, the time of the Terra LUNA \u2014now the Terra Classic (LUNC) \u2014 blowout.<\/p>\n<p>&#8220;The 236,237 BTC number is derived from massive institutional blow-ups and other large known selling seen during the market stress in the last two months,&#8221; it wrote. <\/p>\n<blockquote><p>&#8220;The number does not account for other natural capitulation and hedging activity that usually occurs during crypto bear markets.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/f2628424-95ce-42bb-ad14-2d046f2f94a0.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin institutional sales chart (screenshot). Source: Arcane Research<\/em><\/figcaption><\/figure>\n<p>Meanwhile, data from fellow on-chain analytics platform Glassnode showed that entities with 1 BTC or less in their possession were increasing faster than ever as an overall proportion of the BTC supply.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Entities with less than 1 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> are accumulating more now than ever <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/0sw56jg0Iq\">pic.twitter.com\/0sw56jg0Iq<\/a><\/p>\n<p>\u2014 Documenting Bitcoin  (@DocumentingBTC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DocumentingBTC\/status\/1551545064538742790?ref_src=twsrc%5Etfw\">July 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The trend had strengthened sharply in 2022 in particular, the data, uploaded to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> by popular\u00a0 account Documenting Bitcoin showed.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-drops-below-21-8k-realized-price-as-fomc-spooks-markets\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin drops below $21.8K realized price as FOMC spooks markets &#8220; Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin gives up more key levels Data from Cointelegraph Markets Pro and TradingView tracked BTC\/USD&#8230;<\/p>\n","protected":false},"author":1,"featured_media":478165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMmQwNTM5MjktNWY1My00NTAwLThlNWUtMWRmYjYzMGViZDkyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-478164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=478164"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/478165"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=478164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=478164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=478164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}